On Thursday ISIS released an hour-long video explaining its plan to mint its own gold and silver coins. The new initiative is aimed at freeing Muslims from “the enslavement of banks”, according to the video.
The video, entitled “The Rise of the Khilafah and the Return of the Gold Dinar”, was narrated in English with Arabic subtitles. It begins by analyzing how the United States took control of the world economy. According to the video, the production of paper money at the hands of “the capitalist financial system of enslavement, underpinned by a piece of paper called the Federal Reserve dollar note” has corrupted the financial system that Allah had intended.
The new currency will come in a variety of denominations in copper, silver, and gold, with the most expensive being worth about $139, according to the Islamic State’s claims. The 21-carat one dinar coin will weigh 4.25 grams.
Additionally, the group claims that the currency will never lose value in comparison to paper money. However, as ISIS is a terrorist group, it will not be able to use the coins to trade outside its territory. According to reports in British newspapers, despite the video, the group still pays their own jihadists in US currency due to the stability of the dollar.
The news of ISIS’s new video release follows the WorldPR Global Leadership Ranking report of 2015, which ranked ISIS at 163rd out of 212 nations for the historical importance of their brand image. This placed it higher than 49 countries, one of which was Vatican City, which ranked in at 192. Despite the Vatican’s 2,000 year existence, the relatively new terror group ISIS has managed to capture the world’s attention through their harrowing videos and victories on the battlefield.
The video depicts the coins being minted as well as an ISIS activist presenting the newly minted coins to civilians and militia fighters on the streets of Mosul. The activist explains to the people that the gold coins hold their value and are worth more than paper money in the bank. He goes on to say that the dinar coins are intended to return the power of the money to the people who posses it.
One excited shopkeeper is shown hugging and kissing the ISIS activist and exclaiming, “We are witnessing the return of days, like those during the time of the prophet.”
The full video can be watched here.